By Eric Roston (Bloomberg) — Fifty miles southeast of Grand Isle, La., sits the Lena, which used to be an oil rig owned by ExxonMobil. After the site stopped producing oil,...

By David Wethe and Jennifer A. Dlouhy (Bloomberg) –The U.S. is looking to tighten requirements on bonds issued by a growing number of bankrupt oil producers to deal with abandoned...

SINGAPORE, May 23 (Reuters) – Dutch firm Heerema Marine Contractors and Singapore’s Sembcorp Marine, on Thursday, showed off the world’s largest crane vessel that can be used for the setup...

A.P. Moller – Maersk’s new oil rig decommissioning unit had its name unveiled last week along with confirmation that its senior management team is now in place. The new company,...

Lloyd’s Register (LR), WorleyParsons, and Ardent have teamed up to launch a new consortium targeting the global oil and gas decommissioning market. The consortium includes leading experts that will cover...

Maersk Drilling and Maersk Supply Service have announced a joint venture that will provide decommissioning services to offshore oil and gas operators. The 50-50 joint venture will initially offer bundled...

Netherlands-based Heerema Marine Contractors (HMC) says it has received notice from ConocoPhillips about its intention to enter into a contract for a major offshore decommissioning project in the North Sea. Under...

By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for billion of dollars in...

By Susan Gourvenec and Erika Techera, University of Western Australia (The Conversation) – The global offshore oil and gas industry has installed a wide variety of infrastructure throughout our oceans, including...

With the seemingly indefinite slump in the North Sea oil and gas industry, it’s no surprise to see a number of companies grappling with the down market looking elsewhere to...

Oil company Shell intends to start a 10-year process to dismantle and remove one of Britain's oldest and biggest oil platforms, Brent Delta, the company said on Tuesday.

There are about 300 rigs in the UK North Sea and the cost of decommissioning is expected to exceed 40 billion pounds ($65 billion) until 2040, with expenditure peaking at 1.7 billion pounds as early as 2016, according to industry estimates.